There is no denying that we often get lured into getting credit cards even if our common sense warns us against it. After all, they are accepted everywhere, do not require us to carry cash most of the time and help in getting loans sanctioned easily. With all their perks, we often end up overusing our credit cards until one day ...

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Are you worried about your credit card debt? Credit card debt is something millions of Canadians are struggling with. For example, in America, the public owes over one trillion dollars in debt. In Canada, the numbers are equally discouraging. What You Should Know The first thing you should know is that if you have credit ...

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Credit card issuers rely on your credit score to assess your financial situation before approving you for a credit card. But you need at least one account – that has been active for over six months – to have a credit score. Some people don’t realise that they have a credit history due to their mobile phone ...

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Reducing the number of credit cards you have seems like a smart financial move, though it is not necessarily true. There are three possible outcomes if you choose to cancel your credit cards: Your credit-card utilisation ratio will increase Your utilisation ratio refers to the ratio of the cumulative balance on all ...

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For millennials who are just learning about credit cards and credit ratings, gaining proper understanding of the different types of credit cards and how they affect your credit rating can help to shape your financial success. Many people don’t receive enough financial information to avoid common credit card pitfalls. ...

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If you have ever used a credit card, borrowed a loan, or incurred some other kind of debt where you purchased a product or service that you paid for later, you probably have a credit history. Whenever you receive credit from a financial institution, such as a credit card company or bank, the bank or company will usually ...

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Cybercriminals evolve with technology. If there’s something new in the world of tech, you can be sure that cybercriminals will locate a flaw within that device and exploit it to steal our personal information. Now that wearable devices are all the rage, it’s important to ensure that your personal information remains safe. ...

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A credit card can feel like a necessity in the modern age. Many credit card companies, despite advertising their products as low-interest – which is a very relative claim – are still charging you absurdly high amounts of interest. This high interest can significantly affecting your long-term financial security. If you’re ...

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Although credit cards are generally very safe and companies can automatically detect bizarre activity, credit card fraud can occur, albeit to only a small percentage of Canadians (0.77%), but it results in a large loss of money. In 2010, for example, $365,916,944 was lost due to credit card fraud. Some forms of credit ...

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Not all credit card offer identical benefits and costs, but comparison shopping all of your choices can be time consuming. Unless there are drastic upcoming changes happening within the next few years of your life, you can gauge how your spending and repayment patterns will be by looking at your credit card statements in the ...

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